time for some realism, page-28

This one's been trading oddly for a while. Rush of buying into the close does raise some questions as to why.
As for debt levels. I think some is due to forex translation. Ie USD debt in AUD of 2.2B could easily become 2.5B simply due to currency moves. Take off the 754MM raised and you have 1.8B. That said I'm pretty sure some has gone into working capital. I'm sure they didn't shut down Southern Iron because it was making money, or because it had just started to lose money.

Anyone that knew how to trade this would do very well on the volatility. GLTA